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Tag Archives: Fiat
Fiat and Mazda to Develop a Sports Car for Alfa and Mazda
The non-binding MoU states that both Fiat and Mazda will develop two “differentiated, distinctly styled, iconic and brand-specific light weight, roadsters featuring rear-wheel drive.” The Alfa Romeo and Mazda models will each be powered by specific proprietary engines unique to each brand. Continue reading
Posted in auto news, financial results, milestones, new vehicle, news analysis
Tagged alfa romeo, auto informed, autoinformed.com, automotive news, Fiat, Ken Zino, mazda, mx5
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EU Car Sales off 7% in January, Fifth Year of Declines?
EU car sales dropped yet again in January by 7.1% compared to a year ago, a troubling trend since car sales have declined for four straight years in the moribund European Union. The latest sales data from ACEA, the trade group of EU automakers, confirm what individual car company financial results have been indicating – the European economy continues to contract, and at rates greater than automakers anticipated as recently as last quarter or the quarter before that.
In total, 968,769 new registrations were recorded in the 26-nation EU region during January, which had on average one more working day than January 2011. Particularly hard hit were France (-20.7% for the second largest market) and Italy (-16.9% for the third largest market), with large negative consequences at PSA Group (-14.9%), Renault Group (-25.2%) and Fiat Group (-16.2 %.)
Germany (-0.4% for the largest EU market) and the United Kingdom (0% or flat for the fourth largest market) remained stable, with beneficial results for the biggest automaker in Europe, VW Group with its commanding 24% market share. Continue reading
Ex President George Bush Endorses Federal Auto Bailouts
Former President George W. Bush received large ovations as he addressed the National Automobile Dealers Association Convention yesterday in Las Vegas. Bush’s message on the controversial government bailouts of the U.S. auto industry was simple “I’d do it again,” he told standing-room-only crowd of mostly affluent auto dealers. Continue reading
Chrysler Group Posts a Modest 2011 Profit of $183 Million
Chrysler Group earned a profit of $183 million for the full year 2011, up from a net loss of $652 million a year ago. The positive, if small, result came as the Italian owned company paid back a $551 million in debt to taxpayers. Chrysler’s net revenue for the year was $55.0 billion, up 31% from a year ago. Fourth quarter net revenue increased 41% to $15.1 billion, the best quarter since it emerged from a controversial taxpayer financed bankruptcy in 2009. Continue reading
Chrysler Group January 2012 U.S. Sales Rise 44%
Because of its revived U.S. sales in 2011 Chrysler Group is now earning a greater return in profits at 4% of turnover when compared to owner Fiat’s return of 2.8%, which was down from 2010 given the ongoing Eurozone crisis. Continue reading
Posted in auto news, news analysis, results, sales
Tagged auto informed, autoinformed.com, automotive news, chrysler, chrysler sales, Fiat, january results, Ken Zino, sales results
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Chrysler Opens Manufacturing Academy in Warren, Michigan
WCM is the creation of Chrysler owner Fiat, which began developing, implementing and refining manufacturing operations in 2005 with the purpose of reducing waste, increasing productivity and “restoring dignity” to the employees. Continue reading
Posted in auto news, manufacturing, news
Tagged auto informed, autoinformed.com, automotive news, chrysler, Fiat, Ken Zino, uaw, wcm, world class manufacturing
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Dodge Dart Reborn based on Alfa Romeo Platform
The new Dodge Dart will appear in modified form with a lengthened and widened platform, which Dodge claims will have segment-leading interior roominess. Dodge exited the compact car segment (or so-called c-car segment) when then owner Daimler killed the Neon back in 2005 – as gasoline was relatively cheap at just over $2 a gallon and truck and SUV sales were booming. The Neon nameplate goes back to the 1995 when Bob Lutz then at Chrysler boasted it would beat the Japanese in the economy car segment. It didn’t come close. Continue reading
Posted in auto news, marketing, new vehicle, news, news analysis
Tagged alfa romeo giulietta, auto informed, autoinformed.com, automotive news, car spy, Dodge, dodge dart, economy cars, Fiat, jim dunne, Ken Zino
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Toyota Moves East out of Euro Zone to Build Next Corolla
Neither country uses the Euro, which is crumbling in value as Eurozone crisis continues to increase, while EU leaders bicker over what steps to take about unsustainable, Greek, Italian and Spanish debt. So far the Greek and Italian governments have fallen, and serious questions are being raised about the political stability of the Spanish and French Governments. Continue reading
Posted in auto news, economy, news, news analysis
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, ec, euro, eurozone, Fiat, Ford, GM, Ken Zino, toyota, zino
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Chrysler Group October Sales Up 27%. Comeback Continues
Chrysler Group today reported U.S. sales of 114,512, a 27% increase compared with sales in October 2010. It was the Number Three Detroit automaker’s best October since 2007. This wasn’t good enough to defend its recent Number Three U.S. sales position, as Toyota’s return to the market with better inventories moved it back into the Number Three spot by 20,000 units. Continue reading
Posted in auto news, marketing, new vehicle, news, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, chrysler, chrysler group sales, Fiat, jeep dodge, Ken Zino, news, october results, october sales, ram, results, zino
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Fiat Starts First Ad Campaign in U.S. for the Tiny 500 Model
Last night the Fiat brand launched a marketing and advertising campaign, the first since its return to the North American market with the 500. The campaign combines broadcast, print, digital and so called “experiential initiatives.” The introduction of a new … Continue reading
Posted in auto news, marketing
Tagged auto advertising and marketing, auto informed, auto news, autoinformed, autoinformed.com, automotive news, chrysler, Fiat, fiat 500, fiat 500 ad, impatto, Ken Zino, zino
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Revised Fiat Management Structure Subsumes Chrysler. Fiat Executives Dominate Newly Formed Group Executive Council
Both the management of Fiat Automobiles and Chrysler will be merged on September 1 under a plan that creates a Group Executive Council dominated by Fiat executives. Continue reading
Passenger Car Sales Down in EU Again as Economy Struggles
However some winners are emerging. Volkswagen Group remains the powerhouse in Europe with 23% share year-to-date of the EU and European Free Trade Areas. BMW group also posted strong double digit gains, as did Nissan, although both are on relatively small basis. The same could be said for Hyundai and Kia, which now have combines sales of more than 345,000 units year-to-date, compared to Volvo’s 138,000. Continue reading
Posted in auto news, economy, news analysis, results, sales
Tagged auto informed, auto news, autoinformed.com, automotive news, BMW, daimler, eu, eu 2010 results, eu auto rankings, eu results, eu share, Fiat, Ford, GM, Ken Zino, nissan, PSA, Renault, results, sales results, toyota, vw, zino
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Chrysler May U.S. Sales Up 10% as Retail Sales Soar 27%
Chrysler Group, the weakest of the Detroit Three, today reported U.S. sales of 115,363, a 10% increase compared with sales in May 2010 and the best May sales since 2008. The strong results came as larger Ford and General Motors posted flat sales year-on-year. Continue reading
Fiat to Show Italian Vehicles, Culture at New York Gallery
FFiat Brand North America will open on 21 April the Fiat Gallery at 18 Wooster, a lounge in the Soho district of New York City. Visitors can experience the Fiat brand during the 11 days coinciding with the 2011 New York International Auto Show. Continue reading
Fiat Increases Ownership of Chrysler Group to 30%
This newly enlarged Fiat position in the Michigan based automaker is the result of Chrysler’s achievement of the second of three performance-related goals dictated by the U.S. Treasury Department when it financed a Chrysler bankruptcy and reorganization in 2009. Continue reading